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NSE:FINPIPE

FINOLEX INDUSTRIES LTD

Capital Goods › Industrial Products·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹141.35
at close · 28 Oct 2026
▲ 0.34 (+0.24%)

Latest filings

Next results: Fri, 30 Oct · Financial Results
  1. Finolex to discuss Q2FY27 results on November 2 · Board & Shareholder Meetings
  2. Board meeting to approve September 2026 financial results · Results
  3. Routine SEBI compliance certificate filed for Q2 FY27 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures PVC pipes and fittings and PVC resin in an integrated setup. The two reportable segments are PVC pipes and fittings (Rs 4,104.05 crore segment revenue, 71.2% of segment revenue) and PVC resin (Rs 1,660.01 crore, 28.8%); segment revenue exceeds the consolidated total of Rs 4,113.43 crore, reflecting inter-segment usage of resin in pipe-making. For FY26, consolidated revenue was Rs 4,113.43 crore on total sales volume of 332,736 MT, 4% lower year-on-year. Q4 FY26 recovered sharply, with revenue of Rs 1,314 crore (up 12% YoY) and EBITDA margin reaching 25%, as PVC prices and the PVC/EDC delta improved. Raw materials are the dominant cost at 63.2% of revenue, with employees at 5.9%, other operating expenses at 19.3% and depreciation at 2.6%. The balance sheet carried roughly Rs 2,563 crore of net free cash, while short-term borrowings rose to Rs 437 crore and inventories built up to Rs 1,026 crore.

Revenue mix · reported segments
PVC pipes and fittings71.2%
PVC resin28.8%
Operating scale
FY26 total sales volume
332,736 MTFY26
Q4 FY26 sales volume
101,772 MTQ4 FY26
PVC pipes and fittings segment revenue
Rs 4,104.05 croreFY26
PVC resin segment revenue
Rs 1,660.01 croreFY26
Q4 FY26 EBITDA margin
25%Q4 FY26
Net free cash
Rs 2,563 croreFY26
Who pays it
Dealers, distributors, contractors and industrial buyers of PVC piping and resin in India; brand campaigns reach 21 states
Biggest cost
Raw materials (PVC resin/feedstock) at 63.2% of revenue
Kind of business
Integrated, cyclical PVC products maker exposed to PVC price spreads and demand from piping end markets
Where it sits
Indian-listed producer of PVC pipes and fittings with captive PVC resin capacity, classified under Plastic Products - Industrial
Market Cap
₹8,740 Cr
P / E (TTM)
14.2×
EV / EBITDA
10.0×
Div Yield
2.55%
Growth
3.5%▲
Revenue 5y CAGR
PAT -4.1% · EBITDA -3.4%
Quality
12.1%▲
ROCE (5y median)
ROE 9.6% (5y median) · margin 21.6%
Leverage
0.07·
Debt / Equity · low
Net debt ₹406 Cr
Revenue FY21→FY26
1.2×▲
Margin −6.7 pts
₹3,463 Cr → ₹4,113 Cr
Cash conversion
0.58×▼
Operating cash ÷ profit · 5 yrs
₹1,851 Cr on ₹3,175 Cr
Moves on a normal day
0.93%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 58 Plastic Products - Industrial peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#22/46
P/B#18/42
ROCE#19/56
ROE#17/45
Debt / Equity#15/45
EBITDA margin#6/43
Revenue growth#41/49
Profit growth#26/47

Scorecard

Measured from the filed financials, judged against its Plastic Products - Industrial peers · as of FY26 — not investment advice

Strengths
Debt at 0.07× equity
lower than 68% of its 45 Plastic Products - Industrial peers
Pays out 37% of profit as dividend
Concerns
Slow revenue growth — 4% a year over 5 years
Profit shrinking over 5 years (−4% a year)
Over 5 years it reported ₹3,175 Cr of profit and ₹1,851 Cr of operating cash — 0.58×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

FINPIPE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from FINOLEX INDUSTRIES LTD's filed financials and exchange disclosures

What does FINOLEX INDUSTRIES LTD do?

FINOLEX INDUSTRIES LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol FINPIPE.

Is FINOLEX INDUSTRIES LTD profitable?

Yes. Over the trailing twelve months FINOLEX INDUSTRIES LTD reported a net profit of ₹615 Cr on revenue of ₹3,954 Cr.

Does FINOLEX INDUSTRIES LTD pay a dividend?

Yes. The dividend yield is 2.55% at the current price. It paid out 37% of its profit as dividend in FY26.

Is FINOLEX INDUSTRIES LTD debt-free?

No. It reported borrowings of ₹437 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹406 Cr after cash. Debt stands at 0.07× equity. That is lower than 68% of its 45 Plastic Products - Industrial peers.

Is FINOLEX INDUSTRIES LTD expensive compared with its peers?

On trailing P/E, FINOLEX INDUSTRIES LTD ranks 22 of 46 in Plastic Products - Industrial — cheaper than 51% of them, against an industry median of 14.4×. This is a position, not a valuation judgement.

How much does the FINOLEX INDUSTRIES LTD share price move in a day?

On a typical session FINOLEX INDUSTRIES LTD moves 0.93% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are FINOLEX INDUSTRIES LTD's next results?

Financial Results on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track FINOLEX INDUSTRIES LTD's announcements?

Every NSE and BSE filing by FINOLEX INDUSTRIES LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.